R B Thieme Jr Bible Ministries

Analysis

R B Thieme Jr Bible Ministries is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, R B Thieme Jr Bible Ministries reported income of $1.9m and spending of $2.4m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.9m (-9.5%), an average of -2.5% a year. The sharpest change came in the year to December 2020, when income dropped by 18%. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, R B Thieme Jr Bible Ministries sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Resilience Center of Franklin County Inc ($1.9m), Sierra Salem Christian Homes Inc ($1.9m) and Tax Education Support Organization ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $524k (22% of expenses). Other salaries and wages came to $906k. At year end it held assets of $14.0m against liabilities of $71k, net assets of $14.0m. It reported 17 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.